Fed, Jackson Hole
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12hon MSN
Fed Chair Powell set to deliver big Jackson Hole speech Friday. Here's what Wall Street expects
Powell is set to deliver what almost certainly will be his last keynote address at the central bank's annual conclave.
Almost all” officials backed July’s interest-rate decision, even though two governors backed a rate cut, according to a meeting summary.
Not even 48 hours after the conclusion of last month's meeting, data from the Labor Department appeared to validate the concerns of Bowman and Waller when it showed fewer jobs than expected were created in July.
In a typical year, Jackson Hole sparks excitement mostly among market watchers. This time, the symposium feels more pivotal.